Apple Savings Account Interest Rate Increases to 4.50% APY

Apple is sending out push notifications to Apple Savings account holders letting them know about yet another rate increase. The Apple Card Savings Account APY is now at 4.50%, up from 4.35%.

apple card savings account
This is the third APY rate increase the ‌Apple Card‌ Savings Account has seen since December. The first increase brought it from 4.15% to 4.25%, and the second, which happened in early January, increased it from 4.25% to 4.35%.

Apple's prior rate increase put it on par with the APY offered by many other popular high-yield savings accounts from American Express and Discover, and with the newest hike, the Apple Savings Account also matches the APY of Marcus by Goldman Sachs.


Apple's high-yield savings account has been available to U.S. ‌Apple Card‌ holders since April 2023, and it is offered in partnership with Goldman Sachs.

‌Apple Card‌ users are able to earn interest on their automatic Daily Cash deposits and also personal funds that are added to the account. Apple allows users to deposit up to $250,000.

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Top Rated Comments

Justin Cymbal Avatar
20 weeks ago
I just got a notification on my iPhone that my interest rate increased to 4.5% on my Apple savings account

I’m definitely happy that the rate has continued to go up since Apple launched the Apple savings account back in April of last year

This account has been my main savings account since Apple launched it because of both the convenience of having my Apple Card rewards automatically deposited as well as being able to easily transfer money from my Bank of America checking account at any time

I hope that Apple continues to raise the interest rate even more throughout the rest of this year so that it becomes more competitive with the current rates being offered by other banks
Score: 9 Votes (Like | Disagree)
dumastudetto Avatar
20 weeks ago
I bet EU citizens wish they had access to such consumer-friendly initiatives and experiences. Maybe the EU should try and mandate an Apple Savings product must be offered across the whole of the EU?
Score: 8 Votes (Like | Disagree)
haunebu Avatar
20 weeks ago
And with ~20% inflation you're only losing 15.5% of your money's purchasing power every year. Yay!
Score: 8 Votes (Like | Disagree)
Zest28 Avatar
20 weeks ago

The good thing about these high yield savings accounts are that there's almost no risk, but I think you're better off investing in a mutual fund in the long run. I have money in the S&P 500 and my balance has grown nearly 27% over the past 3 years.

Edit: I'm not a financial expert, do not take my advice without consulting with a professional.
Too much fees with mutual funds. ETF's are better.

Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions.
Score: 8 Votes (Like | Disagree)
Rafagon Avatar
20 weeks ago

Makes no difference you can take money out no matter how high the interest rate goes. Deposit at your own risk has been my experience.
You probably meant to write "can't."

And this isn't true. I've never had an issue. This is probably user error.
Score: 7 Votes (Like | Disagree)
orangeadrenaline Avatar
20 weeks ago
Moved my emergency funds to treasury-only money market funds earning 5.3% right now. State tax benefits as well.
Score: 7 Votes (Like | Disagree)